PROVIDENCE, R.I. (WLNE) — A $29 million loan will ensure operations continue at Our Lady of Fatima Hospital and Roger Williams Medical Center, and that 2,500 hospital employees get paid for the next 30 days.
It’s a DIP loan from a private investor, which is a type of financing that allows Prospect Medical Holdings to continue operating.
This comes after Prospect, the company that owns both Fatima Hospital and Roger Williams Medical Center, filed for Chapter 11 Bankruptcy in Texas on Jan. 12…